October, 2022

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Advice for Buyers & Sellers in Today’s Market

Sacramento Appraisal Blog

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish.

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Why a good jobs report is bad news for the Fed

Housing Wire

On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants to see. And the even worse news for the Fed was that the unemployment rate fell back to 3.5%. That low unemployment rate has to be driving the Fed nuts.

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7 Ways to Prepare for a Home Appraisal

Cleveland Appraisal Blog

Are you anticipating having your home appraised? How can you prepare for the inspection? This week I welcome back guest blogger, Betty White, who shares her thoughts on ways to prepare. While she is not an appraiser, I am, and I agree that these things can help! I hope you find this information helpful! When selling or refinancing a house, an appraisal is typically necessary.

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Building Materials Prices Decline in September

Eyes on Housing

The prices of building materials decreased 0.3% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, including energy, declined for the third consecutive month in September (-0.1%). Prices have fallen 2.3% since June, the largest three-month drop since April 2020.

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[Video] Key Takeaways From the GoFormz Q3 Office Hours Webinar 2022

GoForrmz

Watch the replay of our Office Hours webinar and catch up on the latest GoFormz features In this webinar, Kelsey Griswold, Sr. Director of Product Management, and Alicia Bryan, Director of Customer Success, explore some enhancements to the GoFormz platform. Over the past 3 months, we’ve been hard at work adding new features to help your daily productivity.

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Deanna Faucher Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

We are so excited to share that Deanna Faucher has qualified for the 2022 Lamacchia Realty President’s Club with $16 Million in sales volume already this year! Deanna has qualified every year since the program’s inception, making it in 2017 , 2018 , 2019 , 2020 , and 2021. She was recognized as a Lamacchia Realty top Producer in 2020 and 2021 and was recognized as an Emerald Level Top Producer in 2021 and 2022 by the REALTOR® Association of Central Massachusetts (RACM) for outstanding lev

Realty 74

More Trending

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Pending home sales are down 31% from last year

Housing Wire

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.

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5 Amazing Freebies You Need To Provide Your Guests

BiggerPockets

As a vacation rental host, you want to do everything you can to make your guests feel at home. One way to do that is by providing them with freebies […].

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Single-Family Permits Decline in August 2022

Eyes on Housing

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

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Join us at PACK EXPO 2022

GoForrmz

How to find GoFormz at PACK EXPO 2022 We are so excited to be attending PACK EXPO 2022 in Chicago, this October 23-26, 2022! With thousands of vendors and attendees, we want to help you make the most of your time. We’ll be sharing how every industry can upgrade their services by using code-free mobile forms. Keep reading to learn how to find GoFormz this year at PACK EXPO.

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Laurie Howe Bourgeois Qualifies for 2022 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

We are thrilled to share that Laurie Howe Bourgeois has qualified for the Lamacchia Realty President’s Club ELITE for the 2nd year in a row ! Laurie is a frequent flyer in Lamacchia Realty’s President’s Club, achieving the base status in 2019 , 2020 , and 2021 , and 2022. Reaching the ELITE level for two years in a row is quite the accomplishment, demonstrating her ability to consistently sell over $26,000,000 in sales volume.

Realty 74
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Conversations at MBA Annual 2022: Luke Babich, Co-Founder & CEO at Clever Real Estate

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. ClearCast is live from MBA Annual 2022 in Nashville: Your host, Kenon Chen, sits down with Luke Babich, Co-Founder and CEO of Clever Real Estate. The pair discuss Luke’s background, his journey to founding Clever Real Estate, how Clever’s platform helps homebuyers and sellers alike, and more.

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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season.

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Commercial Appraiser Tech Tools Update

Real Quantum

FREE | NOVEMBER, 17, 2022 | 11 AM CST | 60 MINUTES. LIVE WEBINAR | Commercial Appraiser Tech Tools Update. SAVE MY SPOT. Agenda. McKissock published their Appraisal Income Guide in 2019 where they reported appraisers who adopt new technology tools earned over $44,000 more per year than appraisers who did not. We’re always thinking about how to help commercial appraisers make their lives easier, work faster, and grow revenue.

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More Buyers Taking a Look at New Construction

Eyes on Housing

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

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Why Appraisers Say 'We Have Targets on Our Backs'

National Association of Realtors

How professionals are managing the biggest obstacles to the home valuation process.

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Jackie Goodwin Named Lamacchia Realty Employee of the Month – September 2022

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

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Case Study: Improving Loan Efficiency with GSE Appraisal Modernization

Clear Capital

Recorded live at Digital Mortgage 2022, watch this video to explore the adoption of hybrid appraisal options from a lender’s perspective. Kenon Chen, EVP of Corporate Strategy, Clear Capital, and Rachel Robinson, Director of Collateral Policy, Rocket Mortgage, walk through what it takes to successfully roll out new programs and the benefits that can be achieved versus a traditional appraisal process.

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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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Galleria Houston Condo Buildings

Houston Properties

Compare all Galleria Houston condominium buildings. Browse our condo links for pictures, information, and building history. Here's a comprehensive list of all Galleria Houston condos for sale and rent.

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Residential Building Wage Growth Slowing

Eyes on Housing

Average hourly earnings for residential building workers* continue to rise in August but at a slower pace. Wage growth has retreated from the highest rate of 2021. The recent housing slowdown indicates that, while labor demand is still high, employers are cautious about hiring amid a slowing economy and rising interest rates. According to the Bureau of Labor Statistics (BLS).

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2023 Colors of the Year -- How and Where to Start Incorporating Them Now

Eppraisal

Every year the major paint manufacturers and interior design experts announce Colors of the Year. They choose their Colors of the Year based on design trends and feelings about current events taking place around the world. They also provide ideas on how to integrate the colors into your home. There are already a few predictions about which colors will be trending, and which colors will be announced as Colors of the Year. 2023 Colors of the Year There is a very informative article on bhg.com, wri

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Gerry Bourgeois Promoted to Senior Advisor to CEO and COO

Lamacchia Realty

On Wednesday, October 12 th Gerry Bourgeois was officially promoted to Senior Advisor to the CEO and COO. This comes roughly a year and a half after Gerry joined the Lamacchia Realty management team. Since joining the staff side of the company Gerry has worked within the operations department of the management team. Gerry initially joined Lamacchia Realty as a REALTOR ® in early 2019.

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The Appraiser's Role Isn't to Kill Your Deal

National Association of Realtors

Appraisers start from a high bar before they can take on their own assignments, but agents can still play a role in helping them determine valuations accurately.

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11 Twitter accounts to help you stay up-to-date on the housing market

Housing Wire

Twitter has become somewhat ubiquitous in today’s social media landscape, with more than 200 million users worldwide. The timeline moves about as quickly as the news does, which is why it can be such a valuable resource for those trying to keep up with current events. Mortgage professionals are no exception – whether you find yourself tweeting for work or in your free time, you may also want to follow accounts for people and organizations that are relevant to the industry in order to stay up-to-

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Will the Housing Market Crash in 2023?

Mashvisor

Analysts at Goldman Sachs say that the US housing market downturn will worsen in 2023. It begs the question, “Will the housing market crash?

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Affordability Expectations Improve as the Typical Buyer Changes

Eyes on Housing

Prospective buyers in the third quarter of 2022 are more likely to have higher levels of income and education than earlier in the year. This helps explain why affordability expectations have improved. In the third quarter of 2022, 69% of buyers could only afford a minority of homes for sale in their markets, a much lower share than in the.

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Ontario regulator calls for expert advice on policy

Mortgagebroker News

FSRA is seeking new members for its committee responsible for innovation, consumer protection, and regulatory efficiency

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Michelle Farrell Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Michelle Farrell has officially qualified for the 2022 President’s Club for the first time ever and we are so excited to see her hit this impressive milestone! Michelle qualified by surpassing $16,000,000 in sales volume! Michelle is an absolute rock star and has seen tremendous growth since starting her career in real estate at Lamacchia Realty.

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Woody Fincham Joined Keith Smith, Nikki Chambless & Jerry Miller On “Real Talk With Keith Smith!”

Valuation Nation

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Will hotter inflation data trigger more rate hikes?

Housing Wire

On Thursday, the Bureau of Labor Statistics (BLS) reported that Consumer Price Index (CPI) inflation came in hotter than expected, and people are scared that the Federal Reserve will now be more aggressive with their rate hikes. Personally, I believe the Fed knows that rental inflation data can lag so at this point of the rate hike cycle, they won’t act in a more aggressive fashion.

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Rent Growth Starting to Ease Despite What CPI Numbers Show

Mashvisor

The US rental market continues to suffer from the ill effects of inflation. At present, what do authorities say about rent growth in the US?

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Inflation Remains Stubbornly High Despite Fed Rate Hikes

Eyes on Housing

Consumer prices eased in September for the third-straight month as declines in energy prices partly offset increases in food and shelter indexes. Despite this slight improvement, inflation remains above an 8% year-over-year rate for the seven straight month. The food and shelter indexes continued to rise at an accelerated pace, with the owners’ equivalent rent index seeing the largest monthly.

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Team leader on how positive foundations build up long-term success

Mortgagebroker News

"I have grown my business in three years as a broker expanding my portfolio of clients in ways I didn’t think possible"

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